Investment Summary

Stellex Capital Management and Mill Rock Capital Invest In Cisco Industrial Services

On February 11, 2019, private equity firms Stellex Capital Management and Mill Rock Capital invested in machinery company Cisco Industrial Services

Investment Highlights
  • This is Stellex Capital Management’s 2nd and Mill Rock Capital’s 1st transaction in the Machinery sector.
  • This is Stellex Capital Management’s 8th and Mill Rock Capital’s 2nd transaction in the United States.
  • This is Stellex Capital Management’s 3rd and Mill Rock Capital’s 1st transaction in Texas.

Investment Summary

Date 2019-02-11
Target Cisco Industrial Services
Sector Machinery
Investor(s) Stellex Capital Management
Mill Rock Capital
Deal Type Growth Capital
Advisor(s) Deloitte (Financial)
Davis, Gerald & Cremer (Legal)

Target

Cisco Industrial Services

Odessa, Texas, United States
Cisco Industrial Services is a provider of equipment, services, parts, and supplies to the midstream infrastructure, general construction, agriculture, and general industrial markets. Cisco was founded in 1978 and is based in Odessa, Texas.

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Investor(S) 2

Investor
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.


DEAL STATS #
Overall 10 of 28
Sector (Machinery) 2 of 4
Type (Growth Capital) 2 of 2
State (Texas) 3 of 4
Country (United States) 8 of 22
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 Paragon Metals

Hillsdale, Michigan, United States

Paragon Metals is a manufacturer of complex, tight tolerance precision machined components and assemblies. Paragon’s products are found on many critical applications such as: transmission, driveline, engine, chassis among other industrial applications. Paragon Metals was founded in 1991 and is based in Hillsdale, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-25 MHI Ship Repair & Services

Norfolk, Virginia, United States

MHI Ship Repair & Services is a marine repair and conversion contractor serving Commercial ship owners, the U.S. Navy, Military Sealift Command and Maritime Administration, and operators worldwide. MHI Ship Repair & Services was established in 1952 and is based in Norfolk, Virginia.

Sell -
DESCRIPTION

Mill Rock is a growth and operations oriented private investment firm that invests in middle-market industrial businesses in North America. Mill Rock invests in family-owned businesses, owner-operators and founder-led companies the chemicals, materials, industrial distribution, services, metals, transportation, logistics and specialty manufacturing sectors. Mill Rock Capital was established in 2018 and is headquartered in New York City.


DEAL STATS #
Overall 2 of 7
Sector (Machinery) 1 of 1
Type (Growth Capital) 1 of 3
State (Texas) 1 of 2
Country (United States) 2 of 7
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Grammer Logistics

Columbus, Indiana, United States

Grammer Logistics is a transportation hauler of bulk hazardous liquids serving the eastern half of the United States. The Company stands on its foundation of safety and unsurpassed customer service as the key components of its longevity and success. Grammer Logistics is based in Columbus, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 Venture Metals

Dallas, Texas, United States

Venture Metals provides high-touch recycling solutions to the industrials, manufacturing, energy and metals sectors and is a supplier of high-quality refined nonferrous and ferrous metals to domestic and international markets. Venture's fully-integrated, end-to-end business model provides customers with a highly differentiated solution for their recycling needs. Venture Metals was founded in 1986 and is based in Dallas, Texas.

Buy -